Treasurer of the State of North Carolina Raises Stock Holdings in Doximity, Inc. (NASDAQ:DOCS)

Posted by on May 20th, 2023

Treasurer of the State of North Carolina boosted its holdings in shares of Doximity, Inc. (NASDAQ:DOCS – Get Rating) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,834 shares of the company’s stock after purchasing an additional 476 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Doximity were worth $1,840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. UBS Group AG boosted its position in Doximity by 248.8% during the fourth quarter. UBS Group AG now owns 72,266 shares of the company’s stock worth $2,425,000 after purchasing an additional 51,550 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new stake in shares of Doximity in the fourth quarter worth approximately $745,000. Premier Fund Managers Ltd boosted its stake in shares of Doximity by 3,126.1% in the fourth quarter. Premier Fund Managers Ltd now owns 988,944 shares of the company’s stock worth $52,577,000 after acquiring an additional 958,290 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Doximity in the fourth quarter worth approximately $7,742,000. Finally, Arizona State Retirement System acquired a new stake in shares of Doximity in the fourth quarter worth approximately $905,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Doximity Stock Down 3.8 %

NASDAQ:DOCS opened at $32.04 on Friday. Doximity, Inc. has a 52 week low of $22.91 and a 52 week high of $47.46. The company has a market capitalization of $6.20 billion, a P/E ratio of 61.62, a P/E/G ratio of 14.31 and a beta of 0.87. The stock’s fifty day moving average is $33.36 and its two-hundred day moving average is $33.11.

Analyst Ratings Changes

DOCS has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Doximity from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, February 10th. Wells Fargo & Company lowered Doximity from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $37.00 in a research note on Monday, May 1st. JPMorgan Chase & Co. lowered their price objective on Doximity from $60.00 to $30.00 and set an “underweight” rating on the stock in a research note on Friday, February 17th. Evercore ISI lowered their price objective on Doximity from $33.00 to $32.00 in a research note on Wednesday. Finally, Piper Sandler boosted their price objective on Doximity from $35.00 to $38.00 in a research note on Friday, February 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.00.

Insider Buying and Selling at Doximity

In other Doximity news, Director Timothy S. Cabral sold 7,500 shares of Doximity stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $35.00, for a total value of $262,500.00. Following the sale, the director now owns 4,714 shares in the company, valued at $164,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 45.21% of the company’s stock.

Doximity Profile

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Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.

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Institutional Ownership by Quarter for Doximity (NASDAQ:DOCS)

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